Invenire Energy said the three discovered fields acquired by it in the DSF III bid round have the potential to conservatively produce 110 million barrels of crude oil over the 20-year primary production life.

The three fields — B66, B154 and B203 — are located in the Mumbai offshore basin and have eight oil discoveries with existing reserves of 344 million barrels of oil, the company said in a statement.

The announcement was made at the three-day GeoIndia conference held on…

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